republicans have taken the position that the obama administration has gotten the tax increases they have want. taxes have gone up on american families. revenue is up. now americans are asking congress to do the rest of the project, which is deal with the spending side of the equation and none of us want the across- the-board cuts you would get with the sequester. americans would like congress to do its job and try the areas that need to be cut. that is a two-way street. the white house has never set down on the other side of the table to engage. host: if the sequestration goes through, $85 billion across-the- board, what does that mean for the economy? guest: it means we are implementing what was agreed to in a bipartisan agreement in the past cycle. remember, all the parties sat down and said how can we work this through, and what is the amount of money we need to be spending? republicans and democrats started at different points, but came to an agreement that we need to begin cutting spending to the tune of $1.2 trillion over 10 years, so basically it would be and lamenting a bipartisa